6,760 Shares in ATI Inc. (NYSE:ATI) Bought by Qsemble Capital Management LP

Qsemble Capital Management LP bought a new position in shares of ATI Inc. (NYSE:ATI) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 6,760 shares of the basic materials company’s stock, valued at approximately $452,000.

Several other large investors also recently bought and sold shares of ATI. O Shaughnessy Asset Management LLC boosted its stake in ATI by 3.3% in the first quarter. O Shaughnessy Asset Management LLC now owns 7,113 shares of the basic materials company’s stock valued at $364,000 after acquiring an additional 224 shares in the last quarter. Jane Street Group LLC boosted its stake in ATI by 11.0% in the first quarter. Jane Street Group LLC now owns 106,237 shares of the basic materials company’s stock valued at $5,436,000 after acquiring an additional 10,561 shares in the last quarter. Tidal Investments LLC boosted its stake in ATI by 143.8% in the first quarter. Tidal Investments LLC now owns 11,312 shares of the basic materials company’s stock valued at $579,000 after acquiring an additional 6,673 shares in the last quarter. Comerica Bank boosted its stake in ATI by 137.2% in the first quarter. Comerica Bank now owns 141,243 shares of the basic materials company’s stock valued at $7,227,000 after acquiring an additional 81,708 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of ATI by 294.5% during the first quarter. EverSource Wealth Advisors LLC now owns 1,353 shares of the basic materials company’s stock worth $69,000 after buying an additional 1,010 shares during the period.

Insider Buying and Selling at ATI

In other ATI news, Chairman Robert S. Wetherbee sold 25,000 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $61.61, for a total value of $1,540,250.00. Following the completion of the transaction, the chairman now directly owns 511,443 shares of the company’s stock, valued at approximately $31,510,003.23. This trade represents a 4.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.71% of the stock is currently owned by corporate insiders.

ATI Trading Down 0.8 %

NYSE ATI opened at $60.12 on Thursday. The stock has a market capitalization of $8.58 billion, a P/E ratio of 23.12, a P/E/G ratio of 2.08 and a beta of 1.08. ATI Inc. has a 52-week low of $38.04 and a 52-week high of $68.92. The firm has a 50-day moving average price of $61.03 and a 200 day moving average price of $60.59. The company has a quick ratio of 1.44, a current ratio of 2.94 and a debt-to-equity ratio of 0.97.

ATI (NYSE:ATI) last posted its quarterly earnings results on Tuesday, October 29th. The basic materials company reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.06). The firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.12 billion. ATI had a return on equity of 21.39% and a net margin of 8.85%. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.55 earnings per share. Equities research analysts expect that ATI Inc. will post 2.27 EPS for the current year.

ATI declared that its Board of Directors has initiated a share buyback plan on Tuesday, September 3rd that authorizes the company to repurchase $700.00 million in shares. This repurchase authorization authorizes the basic materials company to repurchase up to 9.4% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. increased their target price on shares of ATI from $65.00 to $75.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 21st. Benchmark reiterated a “buy” rating and set a $80.00 target price on shares of ATI in a research note on Wednesday, August 7th. Susquehanna decreased their target price on shares of ATI from $75.00 to $70.00 and set a “positive” rating for the company in a research note on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft increased their target price on shares of ATI from $81.00 to $84.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Finally, KeyCorp downgraded shares of ATI from an “overweight” rating to a “sector weight” rating in a research note on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $73.71.

ATI Profile

ATI Inc produces and sells specialty materials and complex components worldwide. It operates in two segments: High Performance Materials & Components (HPMC) and Advanced Alloys & Solutions (AA&S). The HPMC segment produces various materials, including titanium and titanium-based alloys, nickel- and cobalt-based alloys and superalloys, metallic powder alloys, advanced powder alloys and other specialty materials, in long product forms, such as ingot, billet, bar, rod, wire, shapes and rectangles, and seamless tubes, as well as precision forgings, components, and machined parts.